The company said its board appointed Jennifer L. Davis as CEO-elect and a director effective October 26, 2026, and that she will serve as CEO-elect and director from November 2, 2026 and as President and CEO from December 31, 2026.

1. 01

   The company said its board appointed Jennifer L. Davis as CEO-elect and a director effective October 26, 2026, and that she will serve as CEO-elect and director from November 2, 2026 and as President and CEO from December 31, 2026.

2. 02

   The company said Joseph M. Hogan will retire as President and CEO on December 31, 2026. The board increased the number of directors from ten to eleven, and Hogan is expected to remain on the board as a non-executive, non-independent director until June 2027.

3. 03

   The company said it agreed to pay Davis an annual base salary of $1,300,000 and an annual target bonus of 150% of her base salary. The package also includes an MSU award with a grant date fair value of $9,900,000, an RSU award of $6,600,000, and a cash signing bonus of $2,000,000.

4. 04

   The company said it entered into an Executive Consulting Agreement with Hogan on October 27, 2026. Starting on December 31, 2026, when he retires, Hogan will receive an annual consulting fee of $150,000 for an initial term of 1 years. His outstanding equity awards will continue to vest as long as he remains a Service Provider.

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AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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